The Consumer Financial Protection Bureau has warned that unlike traditional banks payment apps like Venmo and Cash App may lack the same kind of financial insurance in the event of a crisis, therefore putting users at risk of losing funds stored in the apps.
Copyright BusinessAMBE
Apple surprised in April with the launch of a savings account on which customers receive an interest rate of 4.5 percent. An enticing offer that only confirmed the U.S.. | June 10, 2023